Job Description

Purpose and Aim of the Job

• To begin to develop a knowledge of accounting and auditing techniques and show commitment to
passing the professional examinations
• To begin to develop an understanding of the Financial Services sector, including insurance, funds and fund management and the associated accounting and auditing issues

Job Duties and Responsibilities

• Undertake the work allocated by the assignment leader
• Keep the assignment leader informed about progress at daily meetings
• Ensure attendance at briefing meetings and understand the audit plan
• Complete the work within the budget for each area
• Adopt high professional standards with a business-like approach to work
• Develop a comprehensive working knowledge of double entry book keeping
• Be able to obtain and document effective audit evidence, across various sections of the audit, including the following:
 Fixed assets (complete)
 Investments
 Bank (complete)
 Understand & document accounting systems and complete systems testing
 Profit and loss analysis – with attention to tax requirement
• Develop a basic knowledge of current accounting standards
• Develop a basic knowledge of the laws and regulations affecting FS clients including Lloyd’s/FCA regulations and client money rules
• Pass relevant professional examinations first time
• Complete the required CII study exams
• Be able to advise on basic accounting issues
• Be aware of Institute and internal ethical guidelines
• To accept responsibility for all work performed